Factor Weekly Chart Scroll, Futures and Forex Markets - January 27, 2022
Chart scroll with Peter (1 hr 13 mins)
Live member Q&A
Live questions from Members
The Ultra T Notes contracts - Tell us why you trade the "Ultra" T Note contracts vs. the alternative T Note Contract - Symbol /TN on my TD Platform. 1:13:29
I am working on taking quicker losses and reducing the number of trades that hit my full stop loss. Do you have any suggestions or methods to exit a trade early when you think it is not going in your favor? 1:14:52
I find the short side is more volatile than the long. Can you please share your thoughts on how you adjust sizing? Also, what do you look for in setups that are different from the long side? 1:16:33
I started preparing my buy list on the weekend, and I keep watching those lists throughout the week. However, I missed out on so many setups that emerged on the day which didn't exist during weekend preparation. How do you deal with that? 1:17:30
I see you enter trades on support - breakout retest, moving average test, etc. Can you please elaborate on how you manage the risk on these? Any different from breakout trades? 1:21:09
I am a new subscriber and relatively new to trading. I just wanted to ask if Peter would cover precious metals and his thinking behind Silver and the chart itself. 1:23:35
Any advice for new members regarding navigating the markets/general advice for novice futures traders? 1:25:43
Do you ever use support and resistance levels without a chart pattern to enter or exit a trade. If you do, when? 1:27:37
Do you have any advice for someone nearing retirement age and contemplating entering the financial markets for the first time? 1:29:46
How likely do you see Bitcoin dropping to 12,900 --target from the double top -- as you posted on the Factor Member twitter? 1:31:22
FAQ - Do you ever see yourself hanging it up? Is trading what you’re going to do the rest of your life? 1:36:30
https://www.peterlbrandt.com/wp-content/uploads/2022/01/Screen-Shot-2022-01-06-at-9.10.01-AM.png323640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2022-01-06 10:12:322022-01-06 10:14:34Real Vision interview – The January Effect: Trading the EUR/USD
Factor Member Webinar and Q&A with Peter Brandt - Recorded live December 8, 2021Opening discussion/presentation by PeterLive questions from Members
What's the best place to start when learning how to enter and exit trades? 21:42
Do you apply the same ATR filter on stops when exiting a position as you do when entering a position? And, if not, do you use another type of filter to reduce the odds of getting whipsawed by a price excursion that is still within recent volatility? 24:31
I'm new to Factor LLC, so maybe this question is already asked many times. Do you take other fundamentals into account when trading futures - especially COT data / Open Interest? Or just chart patterns like SHS, Triangle, etc. 27:28
If your equities only account is 500k, what would be your standard position size? 29:24
TLT looks like a OOPs. 30:50
What is the minimum account size needed in order to become a professional trader? 31:51
Did you ever try to create a chart of your drawdowns? 33:37
Could you do another session sometime on your weekend screening process? How many markets are you viewing? What service are you using? More about how you do this. 34:54
I need a clarification (I am not a native English speaker, and I am afraid to make mistakes on such an important point). Your weekly/daily trend model for Bitcoin requires two weekly (or daily) candle closes above the 18 weekly (or daily) MA and also an uptick of the 18 weekly (or daily) MA. Correct? Would you mind explaining what exactly meets your criteria for an "uptick" in the context of this trend model? Also, is there any other component to this trend model that I have not detailed above and maybe I have missed? Have you come across, and could you please recommend, any services/tools that allow you to execute entries and exits as per your trend model in an automated way? How do you execute your entries and exits when you are taking some time off, given that crypto trades 24/7 and given that massive shakeouts (like last Friday) may happen even while you sleep? 35:43
Your WEEKLY Trend Model seems down for Bitcoin but seems up for Ethereum. Have you already allocated (or are you planning to allocate soon) a portion of your Trend Model funds to ETH instead of BTC even if your trend model is down both on the weekly and daily for BTC ? In the past, BTC and ETH seemed highly correlated but not this time. What are your thoughts on what's currently happening and how do you plan on taking action? 40:54
How do you use ADX? 41:08
Is a 2021 Best Dressed list coming this year? Honestly, it's one of the best resources for a growing trader. 44:16
How (if at all) do you allow yourself LATE entries when/if you miss the early portion of a breakout which: a) comes after a lengthy consolidation on the weekly timeframe b) shows a huge momentum c) price still has the potential to go higher based on Technical Analysis targets Is the answer different when you are trading crypto vs other assets? 44:54
Do you find a lot fewer swing trading opportunities in futures in the last couple of years? 47:28
Any recommendations for setting stops in a retirement account? It would be a loose stop, but not sure how loose to be. 49:09
Silver. What gives? Frustrating market. And gold McClelllan is positive on gold. 50:49
Where are you able to trade Bitcoin and ETH short with margin? 52:26
Could you talk about the benefits of creating an LLC for trading a prop account? 53:40
I am a new member. I want to ask about your risk-reward, I can see on the charts/opps you post that you normally put 1:1. Is this the case mostly? 54:40
Can you please talk about the daily and weekly chart of ETH? I would like to know more about ETH? Is ETH the leader for crypto currency's now? Especially after holding $4000 since last BTC decline. 56:48
What do you make of the cocoa chart? 58:41
What should I read, how should I trade while I'm learning? 59:18
I'm a relatively experienced stock, options, and equities trader. I've wanted to get into Futures for a few years now due to all the positives mentioned (great leverage, favorable taxation, etc). I'm confident at charting and trading Futures Continuous charts and have been keeping a paper trading log, but the technicalities of Futures contracts makes my head spin! I'm never sure which month's contract to buy based on my trade idea; sometimes the contracts are denominated in apostrophes (i.e. 32nds rather than decimals), some contracts are so large that even with a sizable account, I couldn't afford even 1 contract, and I am paranoid I will accidentally hold a contract through expiration and be beholden to physical delivery! How would you recommend an independent trader without access to a trading floor mentor get a grasp on the world of Futures trading from a terminology and execution standpoint? 1:01:09
When choosing which month to trade in a futures market, what do you look at aside from OI? 1:06:05
Amazon chart. Another frustrating stock. 1:08:09
What's the max number of positions you hold at a given time? 1:09:41
Best resources (books/courses) to learn how to short? Best resources (books/courses) to learn how to HEDGE one's position? 1:12:06
How do you use/why do you have 18 and 8 MA on your charts? 1:13:45
What broker do you use to trade Bitcoin? 1:14:57
Why wouldn't Peter mention Schabackers' book for interested futures traders? 1:16:32
To confirm, you look at a breakout in the continuation chart then trade the breakout in the front month? 1:19:00
Best resources on how to HEDGE? 1:23:19
What percentage of your retirement accounts are in the market today? 1:24:35
https://www.peterlbrandt.com/wp-content/uploads/2017/02/Member-only-QA-this-Thursday-February-9th-at-11am-Mountain.jpg523800Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2021-12-13 01:05:422021-12-13 01:05:42Factor Member Webinar December 2021
https://www.peterlbrandt.com/wp-content/uploads/2021/11/Screen-Shot-2021-11-25-at-7.04.29-AM.png289640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2021-11-25 08:05:402021-11-25 08:05:40Real Vision Interview: What Are the Secrets, Lessons & Wizardry of Great Traders? – Peter Brandt interviews Jack Schwager
https://www.peterlbrandt.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-06-at-6.20.09-AM.png410800Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2021-10-06 07:30:302021-10-06 07:30:30Real Vision Interview: Hedging Inflation in the Digital Age – Peter Brandt interviews Dr. Jeff Ross
Factor Weekly Chart Scroll, Futures and Forex Markets – January 27, 2022
/by Peter Brandt- Chart scroll with Peter (1 hr 13 mins)
- Live member Q&A
Live questions from Members- The Ultra T Notes contracts - Tell us why you trade the "Ultra" T Note contracts vs. the alternative T Note Contract - Symbol /TN on my TD Platform. 1:13:29
- I am working on taking quicker losses and reducing the number of trades that hit my full stop loss. Do you have any suggestions or methods to exit a trade early when you think it is not going in your favor? 1:14:52
- I find the short side is more volatile than the long. Can you please share your thoughts on how you adjust sizing? Also, what do you look for in setups that are different from the long side? 1:16:33
- I started preparing my buy list on the weekend, and I keep watching those lists throughout the week. However, I missed out on so many setups that emerged on the day which didn't exist during weekend preparation. How do you deal with that? 1:17:30
- I see you enter trades on support - breakout retest, moving average test, etc. Can you please elaborate on how you manage the risk on these? Any different from breakout trades? 1:21:09
- I am a new subscriber and relatively new to trading. I just wanted to ask if Peter would cover precious metals and his thinking behind Silver and the chart itself. 1:23:35
- Any advice for new members regarding navigating the markets/general advice for novice futures traders? 1:25:43
- Do you ever use support and resistance levels without a chart pattern to enter or exit a trade. If you do, when? 1:27:37
- Do you have any advice for someone nearing retirement age and contemplating entering the financial markets for the first time? 1:29:46
- How likely do you see Bitcoin dropping to 12,900 --target from the double top -- as you posted on the Factor Member twitter? 1:31:22
- FAQ - Do you ever see yourself hanging it up? Is trading what you’re going to do the rest of your life? 1:36:30
Read MoreReal Vision interview – The January Effect: Trading the EUR/USD
/by Peter BrandtFactor Member Webinar December 2021
/by Peter Brandt- What's the best place to start when learning how to enter and exit trades? 21:42
- Do you apply the same ATR filter on stops when exiting a position as you do when entering a position? And, if not, do you use another type of filter to reduce the odds of getting whipsawed by a price excursion that is still within recent volatility? 24:31
- I'm new to Factor LLC, so maybe this question is already asked many times. Do you take other fundamentals into account when trading futures - especially COT data / Open Interest? Or just chart patterns like SHS, Triangle, etc. 27:28
- If your equities only account is 500k, what would be your standard position size? 29:24
- TLT looks like a OOPs. 30:50
- What is the minimum account size needed in order to become a professional trader? 31:51
- Did you ever try to create a chart of your drawdowns? 33:37
- Could you do another session sometime on your weekend screening process? How many markets are you viewing? What service are you using? More about how you do this. 34:54
- I need a clarification (I am not a native English speaker, and I am afraid to make mistakes on such an important point). Your weekly/daily trend model for Bitcoin requires two weekly (or daily) candle closes above the 18 weekly (or daily) MA and also an uptick of the 18 weekly (or daily) MA. Correct? Would you mind explaining what exactly meets your criteria for an "uptick" in the context of this trend model? Also, is there any other component to this trend model that I have not detailed above and maybe I have missed? Have you come across, and could you please recommend, any services/tools that allow you to execute entries and exits as per your trend model in an automated way? How do you execute your entries and exits when you are taking some time off, given that crypto trades 24/7 and given that massive shakeouts (like last Friday) may happen even while you sleep? 35:43
- Your WEEKLY Trend Model seems down for Bitcoin but seems up for Ethereum. Have you already allocated (or are you planning to allocate soon) a portion of your Trend Model funds to ETH instead of BTC even if your trend model is down both on the weekly and daily for BTC ? In the past, BTC and ETH seemed highly correlated but not this time. What are your thoughts on what's currently happening and how do you plan on taking action? 40:54
- How do you use ADX? 41:08
- Is a 2021 Best Dressed list coming this year? Honestly, it's one of the best resources for a growing trader. 44:16
- How (if at all) do you allow yourself LATE entries when/if you miss the early portion of a breakout which: a) comes after a lengthy consolidation on the weekly timeframe b) shows a huge momentum c) price still has the potential to go higher based on Technical Analysis targets Is the answer different when you are trading crypto vs other assets? 44:54
- Do you find a lot fewer swing trading opportunities in futures in the last couple of years? 47:28
- Any recommendations for setting stops in a retirement account? It would be a loose stop, but not sure how loose to be. 49:09
- Silver. What gives? Frustrating market. And gold McClelllan is positive on gold. 50:49
- Where are you able to trade Bitcoin and ETH short with margin? 52:26
- Could you talk about the benefits of creating an LLC for trading a prop account? 53:40
- I am a new member. I want to ask about your risk-reward, I can see on the charts/opps you post that you normally put 1:1. Is this the case mostly? 54:40
- Can you please talk about the daily and weekly chart of ETH? I would like to know more about ETH? Is ETH the leader for crypto currency's now? Especially after holding $4000 since last BTC decline. 56:48
- What do you make of the cocoa chart? 58:41
- What should I read, how should I trade while I'm learning? 59:18
- I'm a relatively experienced stock, options, and equities trader. I've wanted to get into Futures for a few years now due to all the positives mentioned (great leverage, favorable taxation, etc). I'm confident at charting and trading Futures Continuous charts and have been keeping a paper trading log, but the technicalities of Futures contracts makes my head spin! I'm never sure which month's contract to buy based on my trade idea; sometimes the contracts are denominated in apostrophes (i.e. 32nds rather than decimals), some contracts are so large that even with a sizable account, I couldn't afford even 1 contract, and I am paranoid I will accidentally hold a contract through expiration and be beholden to physical delivery! How would you recommend an independent trader without access to a trading floor mentor get a grasp on the world of Futures trading from a terminology and execution standpoint? 1:01:09
- When choosing which month to trade in a futures market, what do you look at aside from OI? 1:06:05
- Amazon chart. Another frustrating stock. 1:08:09
- What's the max number of positions you hold at a given time? 1:09:41
- Best resources (books/courses) to learn how to short? Best resources (books/courses) to learn how to HEDGE one's position? 1:12:06
- How do you use/why do you have 18 and 8 MA on your charts? 1:13:45
- What broker do you use to trade Bitcoin? 1:14:57
- Why wouldn't Peter mention Schabackers' book for interested futures traders? 1:16:32
- To confirm, you look at a breakout in the continuation chart then trade the breakout in the front month? 1:19:00
- Best resources on how to HEDGE? 1:23:19
- What percentage of your retirement accounts are in the market today? 1:24:35
Read MoreReal Vision Interview: What Are the Secrets, Lessons & Wizardry of Great Traders? – Peter Brandt interviews Jack Schwager
/by Peter BrandtReal Vision Interview: Hedging Inflation in the Digital Age – Peter Brandt interviews Dr. Jeff Ross
/by Peter Brandt